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Narrow Range After Tuesday Pullback

GOLD

The apparent de-escalation in the Russia-Ukraine standoff allowed bullion to retrace from fresh multi-month peaks on Tuesday, although continued caution from the West when it comes to the touted Russian pullback from the Ukrainian border (several U.S. & NATO figures flagged uncertainty that such a move had taken place) limited the weakness in bullion. That leaves spot around the $1,850/oz mark after sticking to a tight range in Asia hours.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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